Cost-Benefit Analysis: Concepts and Practice

Cost-Benefit Analysis: Concepts and Practice

By Anthony E Boardman, David H Greenberg, Aidan R Vining, and David L Weimer

Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations.

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Book Information

Publisher: Cambridge University Press
Publish Date: 07/19/2018
Pages: 520
ISBN-13: 9781108401296
ISBN-10: 1108401295
Language: English

Full Description

Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.

About the Authors

Anthony E. Boardman is a professor at the University of British Columbia, Vancouver. With colleagues, he has won the Peter Larkin Award, the Alan Blizzard Award, the John Vanderkamp prize, and the J. E. Hodgetts Award. He has also been a consultant to many leading public sector and private sector organisations, including the Government of Canada and the Inter-American Development Bank.

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David H. Greenberg is Professor Emeritus of Economics at the University of Maryland, Baltimore County (UMBC). He is a labor economist and cost-benefit analyst who received his Ph.D. at Massachusetts Institute of Technology. Before coming to UMBC, he worked for the Rand Corporation, SRI International, and the US Department of Health and Human Services. H

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David H. Greenberg is Professor Emeritus of Economics at the University of Maryland, Baltimore County (UMBC). He is a labor economist and cost-benefit analyst who received his Ph.D. at Massachusetts Institute of Technology. Before coming to UMBC, he worked for the Rand Corporation, SRI International, and the US Department of Health and Human Services. H

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David L. Weimer is the Edwin E. Witte Professor of Political Economy at the University of Wisconsin, Madison. He was president of the Association for Public Policy Analysis and Management in 2006 and president of the Society for Benefit-Cost Analysis in 2013. He is a past editor of the Journal of Policy Analysis and Management and currently serves on many editorial boards.

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